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Save the 310 Waukesha!! I agree with all the diagnoses presented thus far that the tractor probably needs new sleeve seals. It may also need new sleeves-a visual inspection of them removed will tell you. All diesel engines suffer from a phenomenon known as electrolysis, in which the intense energy released in combustion vibrates all related components, especially sleeves. To make a long story short, this leads to sleeve pitting, fatigue, and cracking if left unchecked. Today we have coolant filters on engines that release coolant conditioners designed to stop or inhibit this process from ruining sleeves. But the 310 engine in the 1855 did not have a coolant filter so one has to be quite diligent about adding supplemental coolant conditioners at regular intervals. If the owner said the engine wasn't knocking, you should be in good shape. For $1500, BUY IT!! Then rebuild the 310 keeping the following in mind: -Install one-piece wrist pin bushings provided in overhaul kit or get them through AGCO -Install new, stronger, connecting rod capscrews with hardened washers provided, also through AGCO. Torque them only once and DO NOT REUSE after any have been torqued. Applying Loctite to the threads is also a good idea, although not necessary. -Have the shop that grinds or at least polishes your crankshaft balance it as well. They will need the pistons, rods, crank, flywheel, dampener. This will help the engine tremendously. -Make sure you follow the above procedures relating to the engine coolant or have a coolant filter base installed -Beginning with 1974 production 1855s, the 310 engine used the same block as the 1955, which had the oil cooler. Check to see that you have this oil cooler on the right hand side of the block. If you do not, then enlarge the oil pan to hold an additional gallon of oil or just don't work it too hard in hot weather. In either case, change engine oil every 50 hours, not 100 as the manual states. The 310 doesn't hold much oil so keep it in good, fresh condition. These are the major things. With these, the original 310 engine is an outstanding performer, in power, economy, and durability. Good find!
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